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In many countries, the proportion of older people is steadily increasing. Does this trend have more positive or negative effects on the society?

The increase in average life expectancy, paired with lower fertility rates, has contributed to the aging population. In several ways, society may benefit from a growing proportion of senior citizens. However, I believe the rest of the world population would have to shoulder much more responsibilities and the global economy would face a serious labor crisis.

First of all, the situation in which an increase in the number of elderly citizens compared to the youth will put heavy pressure on the government budget. This is because senior generation not only retires from the laboring workforce, but also being paid for their pension annually by the governments, which reduces the finance for other aspects of life. For example, the retired community in Vietnam has been receiving monthly pension since 2014, exerting a reduction in the total national budget.

Furthermore, this phenomenon has recently become a burden for the younger generation, due to the fact that the youth bear a significant financial responsibility for their families, leaving them with literally no one at home to care for their grandparents. For example, Japanese housewives are typically in charge of housework and caring for their children as well as their grandparents, while the men are in charge of the household.

In conclusion, the aging population has had a negative impact on community development, posing a financial burden on governments and their children.